Cornell invests in GreenShift biodiesel project

By | August 01, 2006
A company working toward building a biodiesel plant in the United States announced in June that it received substantial investment funds for the project. Cornell Capital Partners invested $22 million in New York-based GreenShift Corp., according to Kevin Kreisler, GreenShift chairman and CEO.
The agreement was executed by the company's new division, GS AgriFuels. The funds will be used to build and operate a 45 MMgy biodiesel plant. At press time, three sites located near the Mississippi River were under consideration. GreenShift planned to have the plant built and on line sometime in 2008, Kreisler said. n
 
 
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